Student Loan Manager

Job Description Summary

The Student Loan Manager is responsible for the oversight and administration of all educational loan programs within the Financial Aid Office, including Federal Direct, WPI Institutional, Massachusetts No Interest, and private loan programs. This role ensures the accurate and compliant management of loan origination, certification, disbursement, reconciliation, and reporting while maintaining program integrity and adherence to federal, state, and institutional regulations.

The Student Loan Manager provides leadership and guidance to staff on loan processes, policies, and best practices and collaborates with other departments to support seamless operations. In addition, this position assists with financial aid packaging and provides counseling to students and families, demonstrating a strong commitment to high-quality customer service and student success. The role requires balancing operational oversight, regulatory compliance, and student-facing responsibilities in a fast‑paced, high‑volume environment.

Compensation and Work Arrangement:
This position offers a salary range of $45,000–$50,000, based on experience. The role is typically on‑site during standard business hours (8:30 a.m.–5:00 p.m. or 8:00 a.m.–4:30 p.m., Monday–Friday). Hybrid work arrangements may be considered after the probationary period, when feasible and aligned with departmental and institutional needs.

Student Loan Manager

Worcester

Office of Financial Aid

Worcester Polytechnic Institute - WPI

• Assist the Director of Operations with oversight of the Federal Direct Loan and private loan programs by serving as a liaison between student loan recipients and the U.S. Department of Education loan servicing/origination centers and private lenders to resolve issues and address concerns
• Meet with students and parents to guide them through the financing process for Federal and private loans, as well as alternative payment options
• Ensure compliance with federal regulations for all direct loan programs
• Review and process Federal Direct Parent and Graduate PLUS Loan applications, including approvals, denials, and all required actions for loan processing
• Manage all aspects of federal loan processing, including eligibility determination, origination, error resolution, certification, disbursement, and borrower requirements
• Assist with reconciliation of federal loan disbursements between the U.S. Department of Education's Common Origination and Disbursement (COD) system and the institution's student information system, including month‑end and year‑end closeout
• Collaborate with the Director of Operations, Bursar, and Finance Office to ensure cash receipts are accurately credited to student accounts and properly reconciled
• Review daily certification requests in the ELM student loan platform and certify, deny, or adjust loans to ensure they align with the student's Cost of Attendance (COA)
• Conduct outreach with students and/or lenders as needed to maintain accurate and up‑to‑date loan records, particularly when changes occur to a student's enrollment or COA
• Receive weekly disbursement rosters from ELM and update Power
  
  FAIDS for posting into Workday
• Collaborate closely with the Bursar's Office to reconcile loan records monthly and ensure alignment between Financial Aid and Bursar accounts
• Conduct outreach to eligible students and assist them with the completion of required loan documents for the Massachusetts No Interest Loan (MA NIL) program
• Generate all MA NIL promissory notes and disclosure statements using the Massachusetts State Aid system for student signature
• Manage the submission of MA NIL paperwork to the State to ensure timely disbursement of funds
• Update Power
  
  FAIDS to replace or adjust institutional loans with MA NIL awards to ensure accuracy of student financial aid packages
• Perform monthly reconciliation between State and WPI records to confirm both systems are aligned
• Evaluate and package financial aid for first‑year and returning students on an as‑needed basis according to departmental priorities
• Review financial aid applications for accuracy and eligibility while…